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Li-Fi Market Forecast to Reach $276 Million by 2025


Indoor Networking Type Is Anticipated to Witness the Significant Market Growth During Forecast Period 2020-2025
BriefingWire.com, 12/21/2020 -
The Global Li-Fi Market is forecast to reach $276 million by 2025, growing at a CAGR of 31.5% from 2020 to 2025. The market growth is attributed to factors such as growing demand for indoor networking in the commercial sector, increasing implementation of Li-Fi in healthcare and education sectors, others. Moreover, rise in penetration of smart devices, construction of smart cities and commercial establishments boosts the market growth.
Key Takeaways
As digitalisation multiplies the number of connected devices, the bandwidth of radio frequencies is facing a bottleneck due to its small capacity, which impacts the quality of service. Li-Fi technology, on the other hand, uses a visible light continuum for data processing that is free of any scale constraints. The impending RF crunch is therefore ....

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